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Corporate business ethics assignment 1
1. Market Dominant Position:
In order to operate independently of its rivals and clients, a corporation must first achieve
dominant market position in its field of operation. A dominating position might enable a
corporation to establish prices that are higher than the world class level for items were not of
as excellent quality, so restricting competition in the market.
The dominating position inside market is the one in which the enterprises are permitted or
permitted to engage in illegitimate competition inside market.
Because of the adoption and establishment of such a market dominance position, so smaller
businesses in the market no longer have the ability to compete against the larger enterprises in
the market.
Market dominance that is something that is not permitted under competition law in both the
Great Britain and the US, as well as in other countries.
The following points are there:
Smaller enterprises are forced out of market as a result of market dominance.
Market domination strategy enables larger corporations to put unwanted pressure on smaller
corporations in a competitive environment.
In many regions of the globe, including the United Kingdom and the United States, market
domination techniques are not permitted.
2. The misuse of power supremacy will be explained in further detail in the following paragraphs,
as will the reasons why certain businesses are unable to put pressure on others because of very
tough competition law restrictions in specific circumstances.
Abuse of Power:
The abuse of market dominance is such a technique in which a market dominating corporation
attempts to remove competitors from the market by taking advantage of its position.
When firms misuse their dominance, they are forced to adopt certain practises that do not
allow for fair the competition at marketplace.
According to the rule of economics, enterprises should be engaged in fair competition inside a
market where pricing information is easily accessible to all participants.
Abuse of the power is something that is outlawed in the United States since the country want
to see fair and healthy competition in economy.
Competition Law:
The Competition Law is designed to protect and also to enhance competition while also
combating monopolistic practices. It does so by precluding activity that constitutes an abuse of
a dominant market position, precluding restrictive agreements beyond a certain that
can minimize threshold, and regulating economic activity that will result in an enterprise
achieving a dominant market position. Law will be implemented in the United Arab Emirates to
3. regulate competition, especially in form of the restrictive agreements, the misuse of dominant
position, and also should concentration of economic power. Because of the large additional
penalties that have been imposed for violations of the Law, firms operating in UAE must make it
a priority to ensure that their local, as well as global, activities are in conformity with the new
regulatory framework.
The competition legislation was enacted in order to ensure that there is clear and honest
competition in market for businesses.
Some of the points are as follow:
Keeping the market competitive is its purpose.
In order to prevent companies from attaining market dominance, rules and regulations are put
in place.
The Act must be implemented by a number of different organizations, both public and private.
The antitrust law is the legal term used in the United States.